Tag: Taxes

FINANCE
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Authorities Suspend Business Licenses on Mykonos and Paros for Tax Evasion

Panos - May 29, 2018

Tax authorities suspended the licenses of businesses across Greece after audits showed blatant cases of tax evasion, reported the Athens News Agency. On Mykonos, authorities confiscated the…

FINANCE
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Greeks struggle to pay over 2.5 billion euros in taxes starting Friday!

makis - Sep 29, 2017

Over 7 million Greek taxpayers will be called upon to pay around 2.5 billion euros starting Friday. September 29 is the deadline for the payment of the…

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Greeks cut back on energy and food to pay taxes

Panos - Aug 23, 2017

Greek households used 56 million litres less petrol during the first six months of the year, according to data from the Ministry for Environment, while the annual…

FINANCE
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Sweeping indirect taxes to achieve primary surplus

makis - Jun 19, 2017

Greece will have to raise indirect taxes to the tune of 3.5 billion euros annually from the current fiscal year in order to achieve the 3.5% primary…

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OECD report: Greeks pay highest taxes

makis - Apr 11, 2017

Greek citizens paid the highest tax rates among all 35 OECD countries in 2016, according to a report released. The data, focusing on the tax wages of…

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Church of Greece pays 3.5 million euros in taxes

Sokratis - Aug 20, 2016

The Church of Greece has announced that it paid 3.5 million euros in taxes this year. It also said it suffered losses of 1.5 million euros after…

FINANCE
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Greek citizens to pay 23.3 billion Euros in next months in taxes

makis - Aug 17, 2016

Hundreds of thousands of Greek taxpayers will be forced to pay a total of 23.3 billion Euros over the next few months, either in the form of…

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Firms fleeing high taxes to face inspections

Sokratis - Aug 13, 2016

Tax authorities are to begin more intensive checks on companies registered in Bulgaria and Cyprus but which are owned by Greeks to see if they are actually…

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Consumption taxes on tobacco and alcohol costing the state

Panos - Jun 14, 2016

Higher taxes on alcohol and tobacco have led to reduced state revenues and illegal smuggling. The imposition of the special consumption tax (EFKOP) has prompted consumers to…

FINANCE
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IMF urges fixed rates for Greece, longer grace period, maturities

ilias1 - May 22, 2016

The International Monetary Fund would like euro zone countries to extend the grace period on all their loans to Greece until 2040 and their maturities to 2080…

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Thousands take to streets in Greece ahead of reform vote

chris1 - May 08, 2016

Thousands of protesters took to the streets of Athens on Sunday as Greece’s parliament prepared to vote on a controversial tax and pensions overhaul which has sparked…

FINANCE
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Stathakis: “€3.6bn worth of measures will be implemented immediately”

ilias1 - Apr 03, 2016

The Minister of Economy Giorgos Stathakis revealed that 3.6 billion euros worth of measures, from the 5.4 billions agreed with the institutions, will be implemented immediately. The…

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Greek industry body recommends 20 pct tax on large investments‏

ilias1 - Apr 02, 2016

The Hellenic Federation of Enterprises (SEV) on Wednesday recommended a cut in the taxation of large investments to 20 pct and expanding the option of offsetting losses…

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Half of Greek taxpayers declared an income under 5,000 euros in 2015

ilias1 - Feb 26, 2016

The General Secretariat of Public Revenue published its data regarding taxes and found that about 3% of tax-payers who declare an income above 30,000 euros pay 42%…

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Considerations for a retroactive tax of income declared for 2015

ilias1 - Feb 20, 2016

The government is debating whether to introduce new rates for the solidarity tax, by raising the ceiling from 8% to 10%, as well as setting the maximum…

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Changes to property values to affect taxes and benefits

makis - Jan 05, 2016

It has been almost 9 years since the last time taxable property values changed, however the Alternate Minister of Finances Tryfon Alexiadis is expected to soon announce…

FINANCE
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Moscovici: “Combat tax evasion to reduce taxes on income”

ilias1 - Jan 04, 2016

The European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici urged Greek authorities to combat tax evasion, in order to reduce taxes on income.…